Plain Language Summary
This agreement outlines the general terms for using Stripe's business services, including payment processing and related technologies. It details user restrictions, intellectual property rights, data handling, and fee structures. Key provisions include mandatory individual arbitration for disputes, Stripe's right to modify services and terms, and a broad, perpetual license for Stripe to use user-provided content for its business purposes.
Notable Clauses
Dispute Resolution
Unfavorable
Content License Grant
Unfavorable
Limitation of Liability
Unfavorable
Unilateral Changes
Standard
Billing & Subscriptions
Auto-Renewal
unclear
Free Trial Auto-Converts
Yes
Cancellation Method
not_specified
Cancellation Effective
not_specified
Cancellation Notice (days)
Unknown
Billing Cycle
both
Price Change Notice (days)
30
Refund Policy
Refund Available
No
Refund Window (days)
Unknown
Prorated Refunds
No
Renewal Refunds
No
Dispute Resolution
Arbitration Required
Yes
Arbitration Provider
Unknown
Arbitration Opt-Out
No
Class Action Waiver
Yes
Small Claims Exception
No
Liability & Indemnification
Liability Cap
fees_paid
Warranty Disclaimer
full_as_is
Service "As Is"
Yes
User Indemnifies Company
Yes
Force Majeure
No
User Friendliness
Key Concerns
- Mandatory individual binding arbitration and class action waiver for disputes.
- Stripe's broad, perpetual, and irrevocable license to use user content.
- Stripe's ability to modify services, fees, and terms with varying notice periods.
- Significant limitations on Stripe's liability for damages.
- User's sole responsibility for account security and tax compliance.